Hollencrest Capital Management Purchases 50 Shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Hollencrest Capital Management grew its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 119.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 92 shares of the company’s stock after buying an additional 50 shares during the quarter. Hollencrest Capital Management’s holdings in Coca-Cola Consolidated were worth $100,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Quest Partners LLC bought a new position in shares of Coca-Cola Consolidated in the fourth quarter valued at about $31,000. EntryPoint Capital LLC acquired a new stake in Coca-Cola Consolidated in the 1st quarter valued at about $30,000. GAMMA Investing LLC raised its stake in shares of Coca-Cola Consolidated by 137.0% in the second quarter. GAMMA Investing LLC now owns 64 shares of the company’s stock worth $69,000 after acquiring an additional 37 shares during the last quarter. Signaturefd LLC lifted its position in shares of Coca-Cola Consolidated by 15.3% during the second quarter. Signaturefd LLC now owns 68 shares of the company’s stock worth $74,000 after purchasing an additional 9 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Coca-Cola Consolidated by 102.9% during the first quarter. EverSource Wealth Advisors LLC now owns 69 shares of the company’s stock valued at $57,000 after purchasing an additional 35 shares during the last quarter. Institutional investors and hedge funds own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Performance

COKE stock opened at $1,264.25 on Friday. The company has a 50 day moving average price of $1,243.22 and a 200 day moving average price of $1,037.07. Coca-Cola Consolidated, Inc. has a fifty-two week low of $614.22 and a fifty-two week high of $1,376.84. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.97 and a quick ratio of 1.75. The stock has a market capitalization of $11.85 billion, a PE ratio of 26.03 and a beta of 0.82.

Coca-Cola Consolidated (NASDAQ:COKE) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $20.71 EPS for the quarter. Coca-Cola Consolidated had a return on equity of 44.83% and a net margin of 7.52%. The firm had revenue of $1.80 billion during the quarter.

Coca-Cola Consolidated Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, July 26th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.16%. The ex-dividend date was Friday, July 26th. Coca-Cola Consolidated’s dividend payout ratio (DPR) is 20.59%.

Insider Activity at Coca-Cola Consolidated

In other Coca-Cola Consolidated news, major shareholder Cola Co Coca sold 598,619 shares of Coca-Cola Consolidated stock in a transaction on Friday, July 5th. The shares were sold at an average price of $925.00, for a total transaction of $553,722,575.00. Following the completion of the sale, the insider now owns 1,883,546 shares of the company’s stock, valued at approximately $1,742,280,050. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Coca-Cola Consolidated Company Profile

Coca-Cola Consolidated, Inc, together with its subsidiaries, manufactures, markets, and distributes nonalcoholic beverages primarily products of The Coca-Cola Company in the United States. The company offers sparkling beverages; and still beverages, including energy products, as well as noncarbonated beverages comprising bottled water, ready to drink coffee and tea, enhanced water, juices, and sports drinks.